2013-3-22 Fox News: As Cyprus Implodes, Bitcoin Interest Explodes

[Rothgar]

http://www.foxbusiness.com/investing/2013/03/22/bitcoin-interest-explodes-as-cyprus-nearly-implodes/

As policymakers in Europe threaten the sanctity of bank deposits in crumbling Cyprus, the faceless operators of decentralized electronic currency Bitcoin must be smiling somewhere.

[Fuzzy]

the faceless operators of decentralized electronic currency Bitcoin must be smiling somewhere.

Thank god, for a moment I thought Fox news was in favor of bitcoin. A sign to sell if there ever was one.

[bbit]

God bless Fox News! A real channel!

[labestiol]

Nice to hear Jim Rickards opinion on bitcoin

People are looking for alternatives because of a loss of confidence in paper money and traditional banking systems

Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.

It’s almost a badge of respect when the Treasury starts regulating you,You must be doing something right.

It’s not a knock on Bitcoin, I’m sure there are criminals using the Bitcoin world, but there are criminals and bad actors in the dollar world as well. The sight of a drug smuggler opening a suitcase full of $100 bills is not unusual.

[Fuzzy]

Nice to hear Jim Rickards opinion on bitcoin

People are looking for alternatives because of a loss of confidence in paper money and traditional banking systems

Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.

It’s almost a badge of respect when the Treasury starts regulating you,You must be doing something right.

It’s not a knock on Bitcoin, I’m sure there are criminals using the Bitcoin world, but there are criminals and bad actors in the dollar world as well. The sight of a drug smuggler opening a suitcase full of $100 bills is not unusual.

This "Jim Rickards" fellow seems to get it.

[labestiol]

Yep, seems so. For those who don't know, he's the author of "Currency Wars". A smart guy with plenty of connections, so always interesting to hear his thoughts.

[Mike Christ]

God bless Fox News! A real channel!

You make me laugh, sir.  Why must you tickle my insides with your words!